For example, a replacement cost method (market approach) can be used for the agriculture sector
Estimating the cost of inaction
while a contingent valuation method (stated preference technique) may be more appropriate for the health sector
hedonic pricing (revealed preference technique) may be more suitable for urban adaptation.
or infrastructure projects such as major flood defence systems, choosing a time horizon that does not take into account major periodic maintenance and therefore excludes this significant cost may increase the BCR
Makes clear distinction between adaptation-relevant spending and adaptation costs using ‘markers’ method;
Is not easily replicable to other countries due to differences in structure of state accounts;
Is a very complex method mobilising internal revenue services;
Therefore, the costs and benefits should ideally be assessed at the programmes level of measures rather than at that of individual adaptive measure
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